HSBC Amanah holds a scholar education event for customers

The purpose of the event was to share the knowledge of best practices in Islamic Finance Industry with the customers and the role/contribution of HSBC Amanah towards the development of Islamic Finance Industry.

Sheikh Nizam Yakuby, member of HSBC Amanah Central Shariah Committee and a world renowned shariah scholar shed light on the growth and success of Islamic Finance Industry. He shared his knowledge and understanding of Islamic Finance with the customers. His presentation was followed by a detailed questions and answer session, which demonstrated the enthusiasm created by his presentation.

Nabeel AbdulRahim, Head of HSBC Amanah Commercial Banking, said:

"HSBC remains firmly committed to the development of Amanah brand and to Islamic Finance. We expect to grow Amanah business at a faster pace as compared to the conventional business over the coming years. HSBC Amanah Commercial Banking will continue to develop and deliver a comprehensive Shariah compliant Islamic Banking proposition."

"We firmly believe in forging a long-term partnership with customers and are committed to capitalizing on the global resources of the HSBC Group and HSBC Amanah to continue to deliver innovative financial solutions of International standards. This event is a further evidence of our close relationship with customers, which is based on trust and confidence," Nabeel added.

Mansoor Shakil, Head of HSBC Amanah Central Shariah Group commented: "Commercial customers can now experience the global coverage and convenience of banking with HSBC without compromising on the principles of Shariah. All products offered by HSBC Amanah comply with the highest standards of Islamic finance and are being approved by world-renowned Shariah scholars."

HSBC Amanah Commercial Banking product suite covers a wide range of asset, liability and transaction banking services, including business accounts, transaction banking, working capital, trade finance, construction finance and liquidity management. The unit also leverages off HSBC Amanah's expertise in the areas of Asset Finance and Advisory, Debt-Capital Markets, Treasury & Risk Management and Takaful.